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of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently th
speakers tom cole and marsha blackburn. >>> then falling off the fiscal cliff, a tumble that would shake the world with international monetary fund christine lagarde. >>> plus what happens if nothing happens with moody's chief economist mark zandy, jackie comes of the "new york times" and cnn's dana bash. i'm candy crowley and this is "state of the union." >>> politically the speaker is playing with a weaker hand that the president, the pressure is higher on him and his critics are harder too. >> the republican party's finished. >> he is selling out our children right now with these massive tax increases and that's a starting bid. he's saying here $800 billion now will you sit down with us, obama? >> twistill with the votes get counted in his caucus of republicans, boehner seems to have more room to maneuver than he did in preelection face-offs over political matters. even if the republican speaker gets a deal, can he get it passed? joining me now, republican congressman tom cole of oklahoma and marsha blackburn of tennessee, thank you both so much for joining us, that's really the key q
a deal, can he get it passed? joining me now is tom cole of oklahoma, martha blackburn of tennessee, thank you both for joining us, and i think that's really the key question that we keep hearing. they'll get a deal -- they'll get something. but it doesn't matter if the two of them get a deal, it matters if the speaker has the house votes for it. tell me about the feeling in the caucus now for how free of a hand the speaker has. >> i think people are looking at how do we solve the system-wide problems. if you're going to talk revenues, you have to talk cuts, reform of your trust funds, medicare and social security -- >> you have 20 something days to do that. >> these are things that we have been talking about for years. the fiscal cliff is a name that the media came up with, but some of us have been saying for years, you have got to stop the out of control federal spending or you will end up at this point, we're there. >> i just want to the remind folks of something you said about the middle class tax cuts, i just want to the play that. >> in my view, we all agree that we're not goi
in recent days. deputy whip congressman tom cole of oklahoma. he said the gop should agree to obama's proposal to extend bush tax rates for households that make less than $250,000. and they should do that deal right now, deal with the rest later. boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would expect i will again and try and persuade others. just to be clear, i'm not for raising taxes on anybody. i think it's a mistake. i think all republicans believe that. however, you have to recognize the reality that at the end of the month, tax rates for every american that pays income tax are going to go up. so there is an area that we do agree with the presi
we return, we're going to talk to republican congressman tom cole of oklahoma about his party and why deal with the democrats remains elusive. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! hi! how are you? progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click to
. >> cross the aisle. republican congressman tom cole says a deal, any deal, will be hard to get done. >> there's not enough revenue in this package whatever the, quote, number is to fix the fiscal problems for the country. we're going to be in hand to hand warfare beginning in january with the continuing resolution, the debt ceiling and to try and deal with spending issues. >> continued uncertainty about tax and spending policies in 2013 could result in another recession. frustration seems to be the operative word tonight. if no fiscal cliff deal is reached, most everyone's taxes will go up tuesday with deep spending cuts kicking in. earlier i spoke with a democratic and republican strategist. maria cardona and anna navarro. they seemed to echo the sentiment of the voters. >> this is like, when you at the beginning of the year and you're in school at the beginning of the year, you get assigned a big project and you leave it until the last night. when i used to do that, my parents used to punish me. if kids were behaving the way these congress people are, they would all be in time-out
of leverage and leadership. i want to bring in republican congressman tom cole from oklahoma, a vocal supporter. good to have you here. let's start with speaker boehner to say what he was asked today, he was concerned whether or not he should be worried about his speakership. he said no. do you think he should be worried? >> absolutely not. he had the overwhelming majority of the republican conference for his plan last night and between 190 and 200 votes, and so he certainly commands the vast majority. that would frankly include some of the people that opposed him on this issue. his speakership is secure. >> congressman, i want to ask you to stand by for one second. we want to take everyone to the national cathedral as the president begins to say goodbye to hawaiian senator daniel inouye. >> the man would probably be wondering what all the fuss is about. this tuesday was in many ways a day like any other, the sun rose, the sun set, and the great work of our democracy carried on, but in a fundamental sense it was different. it was the first day in many of our lives, certainly my own, t
nothing else. in the event -- i think this is what tom cole was saying this morning, in the event the house sees there is no way out, that ultimately you hold less of the country hostage if you do not do something -- if they do that, what does happen all of a sudden, the president has to actually do something that is a real on the entitlement side. i would say to you, i would hope that what we would do is in the interim end up with something that works for the country from the standpoint of revenues, works for republicans from the standpoint of revenues, and in that package also has the entitlement reforms that need to happen. i think we have all seen the discretionary caps are mostly bogus. we violate them nonstop. the only thing that republicans, i think even people like chris, who has been reasonable on all this, believe is real is entitlement reform. so i would hope that we would and up -- by the way, it is easier to implement the policies that need to be implemented to solve our problem then it is to create a process to negotiate and create another fiscal cliff down the road.
plan so that condition seems like a deal breaker. but tom cole, the number four house republican says sometimes the real imagine ek happens in the bottom of the ninth. >> i'm going to be on an airplane tomorrow headed back. i actually think there's still a chance to get something done. and so, you know, these deals usually come together at the last moment. that's what happened in the budget bill, the debt ceiling bill. i think that's going to happen again. >> joining me from capitol hill is mike viqueira. thanks for being here. >> hey. >> you heard congressman cole there, number four house republican, deputy whip. he knows a bit about this. is he just trying to sound sort of positive? what do you take from that on the ground? >> i don't think that tom cole has the constituency, although he's known as a reasoned member and close to john boehner, i don't think he has the stoitsy to follow him to avert this cliff. look, the last minute, as tom cole said, the deals come together at the last minute. the last minute was really before christmas. as a practical matter, that is how these deals
. republican congressman tom cole of oklahoma joins us live in a few moments and later this hour we'll hear from congressman steve israel, democrat from new york. stick around for that. >>> the other big developing story we're following, secretary of state hillary clinton in a new york city hospital this morning being treated for a blood clot. her spokesperson says the clot was discovered during a routine followup exam yesterday in the wake of the concussion she suffered several weeks ago following a fall. now, nbc news chief science and health correspondent robert bazell is live from new york there in front of the presbyterian hospital. bob, what do we know about secretary clinton's condition and how she is being treated right now? >> richard, we know precious little. we had the one statement yesterday evening from secretary clinton's staff that said she suffered a concussion that was related -- excuse me -- suffered a blood clot related to this concussion. usually when somebody has a blood clot related to a concussion it is in the brain and would not be treated with anticlotting drugs. sh
fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your
by december 31st. i don't understand why we don't see that. tom cole who is my favorite republican, and a sensible guy -- no he really -- he really is a friend of mine -- >> stephanie: right. >> because he -- he gets it. he is a conservative republican but he is also very very practical, and pretty close to john boehner, so i don't know if that's in part kind of a message that -- from that sector of the republican conference. >> stephanie: right. you are talking about a lot of the republicans that are sayings publicly we need to give in on the tax revenues. >> yeah tom cole said come on everybody agrees on this. minimally we all agree that middle class -- up to $250,000 income ought to be taxed at this lower level. so, you know, let's go. >> stephanie: right. right. i mean -- we were talking about this before we had you on. the one thing that makes me laugh is boehner claiming his own election mandate for a republican majority in the white house, when everyone understands redistricting at this point, don't they in >> oh absolutely. this idea that this was a status
think it is gradually happening. we have had a few republicans in the house led by tom cole the other day starting to say that they, too, see a way forward for raising rates and, so, even though we're hearing terms like stalemate and the two sides still seem quite far apart and we're not seeing any movement, i think what we're seeing is an acknowledgment by the republicans of the very difficult spot they are in. the almost total lack of leverage that they have and they don't like it and you can see them squirming and being angry at the white house's holding fast and refusing so far to make any concessions. but they don't have a lot of choices here. and i think you're starting to see them peel off one by one. >> molly ball, lynn sweet, we'll see you a little bit later in the hour, ladies. thank you so much, appreciate your time. >>> thank you. >>> overseas new demonstrations in egypt as hardline islamists rallied in support of mohamed mor morsi. today's rallies meant to counterprotest protests in the past week. morsi has been facing wide-spread unrest over that decree that expands his
, this is barack, let's get started. a republican congressman tom cole was someone praised by democrats for saying, let's get this deal done. he was on yesterday referring and talking about entitlements, which is a touchy subject for democrats. let me play what he said. >> look, if only nixon went to china, only obama can fix entitlements. this is where a president has to lead. >> what's your reaction to that? you have, obviously, the conventional wisdom is that whoever puts entitlements and specifics on the table will take the hit from it. democrats don't want that hit. republicans don't want the hit. you have cole hear saying it has to come from the president. >> i agree with congressman cole that the president has the credibility to talk about medicare reform, and i would urge the congressman to read the detailed plan that the administration has put forward on medicare reform. it's there in black and white in excruciating detail. you don't need a sleep aid. pick up the document. it will put you to sleep it has so much detail on exactly how to reform medicare. i don't know where this narrative c
. oklahoma republican tom coles is one and joins me now. thank you very much. >> thank you. >> is there a way to move the tax debate forward to start talking about the spending cuts you want to see locked in? isn't the tax debate now blocking progress towards the larger issue which is getting -- attacking the deficit with real spending cuts? >> i think there is, but let me make very apparent i think the speaker is right. i think the proposal he's put on the table is a great proposal that we ought to not raise rates. there's other ways to get revenue that honestly are more economically productive in the long term. having said that, again, i think you might be better served to do this in pieces. first, we disagree with the democrats on a lot of things but we don't disagree about the 98% of the american people. we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again
. >>> representative tom cole of oklahoma sits on the budget committee, dealing with the cup's money problems all year, but now, we are down to those critical hours. he joins me from washington to offer his perspective near this crucial dialogue. so simply put, do you think we are going to get a deal in time, congressman? >> i do. i think the nature of these things is you get down to the last minute, into the very good way to run a railroad but the way this railroad does run. >> this particular railroad seems to have an air of desperation about it as we get down to it. >> people are concerned, and they ought to be. we are talking about every american's tax rates who pays taxes, talking about the extension of unemployment, the estate tax this has more elements in it than most things do i think at the end of the day, you know, in the senate now, i think the senate will come to some sort of arrangement, they will push it over here and then i think the house will be the decisive arena, a lot will depend, obviously, on what the senate agrees to >> isn't that the question what will happen in the house? i do
representative tom cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he doesn't have an awfully strong hand to play. if it's a deal that john boehner can accept, it will be passed in a bipt manner with a very strong majority. if on the other hand he's neutral and not favorable, his chances will be a lot slimmer. >> lisa desjardins following the news on capitol hill. do you have any good news for us, lisa? >> reporter: the news is a little better than it was earlier today. negotiations are still happening. there was a point today where we thought there was a total breakdown. tonight it's between mcconnell from the senate and vice president joe biden. some of the last people in the building, i know, come on through, guys, if you want. there's one of the crews that -- the worker crews are starting to come into work tonight. we're the last reporting crew. all the members of congress have pretty much gone. hey, guys. the republicans in the house were meeting late tonight to try to talk about what to do, in the e
in the senate. you know, of course, tom cole, a very conservative member from oklahoma, was urging his colleagues some time ago to get this behind them at the $250,000 threshold. so, i certainly think that there are that number of republicans who would vote for it. the question is, if it's in that range, if we're talking about only about 25 or so republicans, would the speaker bring that bill to the floor? and i think one of the reasons the negotiations are so tough in the senate is that mitch mcconnell, the senate republican leader there, is trying to calibrate it so that the speaker can get more than 25. and of course, the more they try and do that, the more democratic votes they could potentially lose. so, that's why it is important as the senate negotiates this that they keep in mind that they've got to get it done here in the house. >> now, congressman, i want to play for you -- president obama was on "meet the press" yesterday. he was asked about sort of his willingness to make a deal here. i want to talk -- let's play that clip and i want to come back and sort of talk about how
us with his top headlines. >>> and when we come back, republican congressman tom cole. you're watching "morning joe," brewed by starbucks. ♪ these are... [ male announcer ] marie callender's puts everything you've grown to love about sunday dinner into each of her pot pies. tender white meat chicken and vegetables in a crust made from scratch. marie callender's. it's time to savor. i just got started and i'm like "hey, that first 20 came off, well it wasn't too hard at all." i love breads. you can still eat bread. i love my sweets. i can still have a cookie on weight watchers. i love the barcode scanner. occasionally, i'll use it at the bar. of course! that's what it's for, right? bar code. oh i think i'm never going there again. i feel healthy. and just...young again. [ female announcer ] weight watchers online. the power of weight watchers completely online. join for free today. ♪ >>> this is all a political game. they want to talk about the debt, they want to talk about the deficit. they want to talk about simpson/bowles, they want to talk about this and that. it's n
it might be willing to change the formula for how the payments were calculated. let me play what tom cole said. >> these are minor adjustments. they're things that people will hardly notice. but they add up over a decade to a lot of money. will you take political heat? sure. i think everybody is going to take political heat on all sides of this. >> there is political heat and then there is outrage. could this produce outrage from liberals? >> well, this one can. and this is where the base, the democratic base, is going to have to -- responding angrily to this. why -- the argument is if the very wealthy have to pay more, why are you still hurting some of the people who, for whom that small amount is very meaningful in paying rent or getting food on the table. and i would think that this very much is in the eye of the beholder, having a bigger tax hit when you're very wealthy is quite different than having a cost of living increase shaved when you depend on social security. and that's part of the essential conversation going on now. >> some of the constituencies are out there. check out thi
be a plan b. one thing that came out this week was the suggestion by tom cole, who is a republican from oklahoma, saying maybe we should just agree to these middle class tax extensions, just sign them, give them to the president and that's what he says he wants, get that off the plate and then let him take all of the political fallout for everything else that comes. the economic hit from the top rates, the sequester and everything else. >> he would still end up having to do something on the spending cuts that are coming and on the debt limit. dan, very briefly. >> yeah. but basically we are back to where we were in the 2011 neglect yes, sirs. the republicans committing on tax cuts and tax increases and the democrats promising to do something on spending later in 2013. it's very hard to see that that's going to get resolved by the end of the year. >> all right. what a mess. when we come back, the prospect of the tax cliff is already affecting the behavior of some companies and shareholders, including one of president obama's biggest backers who is cashing out before rates go up. the deta
are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people other than charles c., that the republicans have become the party of billionaires' and millionaires in this debate. that is what happened in the election of 2012. that really is a continuing problem for republicans. that is what you are seeing to it is not just anti-grover norquist movement. it is a realization that they have a political problem. >> a lot of positive signs for a deal. one is that grover norquist, who is kind of a ridiculous figure, it has been exposed as that and people are walking away. businessmen are in town saying we want predictability, and that is a good sign. but the indication from the white house is that obama is pretty dug in -- i want, i will break those republicans. maybe it is just a bargaining position, maybe he is making it, but the feeling
are saying privately what tom cole said on this show, that they believe the politically expedient and right thing to do now is just to cut their losses, agree to tax rates going up for the most wealthy and really try for significant tax reforms so that 39.6% is going to be moot. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holidays is a reminder of something else around the corner. >> i just can't imagine funding being cut at this point. it was be tragic. >> she is worried budget cuts would hurt food safety inspection. that's mattered to her since her twins her born in 1999. she and her babies got listeria poisoning. contaminated food sickens about 48 million a year. 3,000 die. so the fda and usda are charged with protecting the simply. an 8.2 budget cut translates to $157 million. there's no word exactly what cuts would mean to staffing. >> both fda and usda are stretched pretty thin when it comes to the activities they do. they need increased resources and not
members of congress who have recently said they're getting over grover. one, tom cole, says he is not bound anymore. representative cole, you wrote allowing taxes to rise for the top bracket may seem acceptable by comparison, but this path would be enormously damaging for the economy. which meant you weren't going to do it. now, you've been urging your fellow congressmen to at least extend the bush era tax cuts to those making less than $250,000 and then do battle over tax cuts for the wealthy later. what has changed your mind? >> frankly, nothing, and you've mischaracterized my position. i'm not for raising tax rates on anybody. it's going to slow down, hurt rates. that's my position. not just because i signed a pledge, because that's what i believe. what i have said is we agree with the president that taxes on 98% of the american people shouldn't go up. that's his position. that's our position. why not just take that off the table right now? it's 80% of the bush tax cut. we could make it permanent. we're still free to fight another day. i think speaker boehner's put out a goo
hit a major setback today. joining us is oklahoma congressman tom cole. what are you hearing? are you hopeful that there is a deal today? >> i am probably the last optimist in washington. all the parties that can make a deal are in town. that is a step in the right direction. there is very serious negotiations going on now between senator mcconnell and leader reed. they have found common ground. i wouldn't be surprised that there are bumps along the way but the senate will get something done and it moves to the house. and what senate would be extraordinary important. >> until now it appeared negotiations centered around a small deal that would likely extend bush tax cuts for all but high earners and extend unemployment benefits for people set to lose them on january 2 and prevent the alternative minimum tax. should republicans wait until next year to negotiate a larger deal that could include changes to entitlements. >> there are areas of agreement here which would take care so the american people aren't worried about things. the real issue is exactly what the speaker suggested. the p
republicans at least to push this over the 218 threshold. the problem with that is as tom cole the republican in oklahoma told me yesterday, he said, look. where are you going to find 40 republican house members who are willing to vote for something? if eric cantor and john bainer and kevin mccarthy don't like it, who is going to buck leadership and vote with democrats on something like this? he said, if there is at least lukewarm support from republican leaders you're likely to see more than 40 house republicans vote for it and it should pass pretty easily. then of course there is the question of are there democrats, perhaps the more liberal members of their caucus, who don't like this either? because you're going to essentially need every single democrat to vote for this and many who have said they don't like this deal. >> that would bring us to what our mike viqueira calls the inertia scenario where they decide the best thing is to go over the fiscal cliff. the democrats for some of them from their perspective it is not a bad thing because they think they have the upper hand in public opin
, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and i, i don't, i don't want to argue survival with anyone in japan about the history. i think we're past that. my whole purpose for being here is to listen, to honor the dead, to listen to the living and to see -- to do what i can to see this doesn't happen again. >> clifton truman daniel will join us sunday at 9 p.m. eastern on c-span3. >> now, a discussion of how the military and national security might be affected by spending cuts scheduled to take effect the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, admiral mike mullen, was joined by the chairmen of
the country. it's rather bizarre. >> thank you very much. >>> new today tom cole is responding to criticism from members of his own party. the politician suggested the gop should accept president obama's plan to extend tax cuts and debate the tax hikes for the wealthy. >> i do believe we should take things where we agree with the president and take them off the table one at a time. this would strengthen our position in the course of the negotiations. >> joining me e is former governor howard dean and congressman tom davis. hello, you guys. good to have you both. so representative davis, i will begin with you. congressman kohl says this move would strengthen the gop position. do you agree or do you think it's a risky approach? >> well, it's a little of both frankly. when you give that up, there's nothing left for the president to agree to. he's won the day. the problem with that is everybody goes off the cliff at this point. everybody's taxes go up and does that strengthen your position? the problem is you need one spokesman for the republicans. the republicans can't have a lot of members ou
heard from tom cole that they pass the senate bill. we are hearing from house members saying to get this piece done. republicans said, why don't you get together and get things done? we know that if the discharge petition comes out before the house, they have enough votes to pass it. why wait 27 days? why not just do it now. the house needs to take up a bill that we gave them back in july. it passed on a bipartisan vote here and when is brought up in the house it will pass with a bipartisan vote. >> i want to echo a little bit of what the senator said. consumers are shopping, a lot of us went through black friday and we are in the holiday shopping mode. when i was in alaska this weekend, the number one question that we get from people is, what are you doing to get the ball moving? we know there has to be a long- term plan. we sent over a tax proposal that mentioned to make sure that everyone's income under hundred and $50,000 keep their tax cut. this is a decision that can be made right now. we know that when we hear from members that that bill is up for a vote and it will pass. mid
are looking for congress to make some common sense decisions and tom cole sounds like he's making common sense. his argument is as simple as no new taxes. >> thank you so much, once again, do appreciate your time. >> thank you. >> thank you. >>> 29 days left to avoid falling off the cliff. the house speaker says the negotiations are going nowhere. we'll talk to a top financial services committee member and democrat maxine waters straight ahead. >>> plus, many saw last month's election as a mandate for the immigration system. we'll ask kay bailey hutchison what the republican party needs to do. you're watching msnbc, the place for politics. with a low $18.50 monthly plan premium, select generic hypertension drugs for only a penny and in-store copays as low as one dollar on other generic drugs after deductible, saving on your medicare prescriptions is easy. so you're free to focus on the things that really matter. call humana at 1-800-808-4003. or go to walmart.com for details.
have to look for is the splinter that tom cole started last week, heard mr. chris toll say about how the president has an effective bully pulpit he can go around the country and say 98% of americans with a tax cut under my plan, trying to save it for the rich. republicans are coalescing around, if anything, is this idea that in order for the president to move on entitlements, they got to hold this hard line on the bush tax cuts for 250 or above. they don't want any deal that doesn't have to pertain to entitlements. that's why you're seeing the saber rattling that we thought would only be in november continue into december. as of right now there is no clear way forward talking to both sides. >> the -- michael steele, the saber rattling has reached an almost deafening pitch, i think. maybe on both sides. i wonder, you know, from your perspective is bill crystal and tom cole ultimately helping john boehner in terms of laying the groundwork or hurting him? >> i think they're absolutely standing there with a flashlight in the darkness of the abyss that is the discussion that doesn't exist
think that's the common ground. for some reason, except for tom cole and a few individuals, we don't see where the republicans understand. we can all be winners. can you imagine looking out at the country before the holiday and saying 98% of you are not going to have one more penny to pay on your taxes? that's a big deal. and for some reason they're offering up all this other soup. it's an unpleasant soup that actually is an assault on the middle class. so i think they're in serious trouble with the american people right now. >> now, do you get any sense, because what you're saying just seems so sensible and and logic do you think they're moving that way? >> reverend al f i could tell you yes, i'd be so happy. i'm a very optimistic person. in july the senate passed that bill. all they have to do is take it up and pass it. they could have taken it up in july, august, september, october. november, we're at december, they haven't taken it up. now democratic leader pelosi has said it's a situation where there's a discharge situation at the desk meaning if 218 people signed that bill, it woul
. the position of congressman tom cole, that the party should agree immediately to extend the bush tax rates for americans making less than $250,000 a year is the best of a bunch of bad choices for the gop. >> the g 0 op is boxed in saying it's a terrible position because by default democrats get what they want. a big bargaining chip for house republicans is they need congress to raise the debt ceiling before the end of february when analysts estimate the treasury would run out of options and hit the borrowing cap. no deal is reached. closer to the deadline and today they will argue that's bad for business. help in supporting an approach without drama or delay a. >> we can't be going through another debt crisis, debt ceiling crisis like in 2011. that has to be dealt with. >> the president of the business roundtable has said congress should raise the debt ceiling enough for the next five years to avoid uncertainty. clearly that's something that won't happen. short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have
era rates. the republican position with a few exceptions, like tom cole, is you know what, too bad. nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a different position than he has now. play that sound for everybody so they can remember. sorry. it's a full screen. i will read the quotation. what we said was give us $1.2 trillion in additional revenues which could be accomplished without hiking tax rates but simply accomplished by eliminating loopholes, some deductions and engaging in a tax reform process to lower rates generally while broadening the base. that is different from where the president is at now. is there currency to the republican argument that the
on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reagan is on top of that story. >> today is a big day when it comes to holiday shipping and spending. it's fedex's busiest day of the year counting all the orders. ceo estimates it will move a record 19 million parcels today. that's
director, chuck todd. and later, senators bob corker and tom coburn. and congressman tom cole. plus an update on the condition of secretary of state hillary clinton who is hospitalized with a blood clot. we'll have a live report. you're watching "morning joe" brewed by starbucks. >>> the offers that i've made to them have been so fair that a lot of democrats get mad at me. i offered to make some significant changes to our entitlement programs in order to reduce the deficit. they say that their biggest priority is making sure that we deal with the deficit in a serious way. but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> all right. we're taking a look here as the clock counts down as we head over the fiscal cliff. a live look at capitol hill as the sun comes up over washington. they're working, working away there on capitol hill. here with us now from washington, former white house press secretary and former senior adviser to the obama campaign, robert gibbs, who looks like he's on a ski vacation. >
to come out and say something like this? >> no, we saw tom cole last week suggest that maybe republicans should go along with the president and give a tax cut to 98% of americans, raise the -- >> so two republicans. >> two republicans and others privately say that there may be some room there, the trouble that speaker boehner has as you pointed out earlier in the segment is the tea party and republicans are trapped also on their messaging on this. the white house has been good about messaging that the republicans are the obstructionists in this and they are waiting until, waiting essentially republicans out on this. i did a story in "national journal" yesterday where top house republicans brought in some of the best gop communicators in washington and said we have a messaging problem here. we want to get a deal, the white house isn't talking to us. how do we want to put that out in the public, so they know it's the white house who won't talk with us. the white house knows public opinion is on their side, "washington post" "pew center poll said 50% blame republicans. >> the message you ta
to be rough. >> i want to bring in congressman tom cole, a republican from oklahoma. good to see you again, congressman, good morning. what happened with susan rice, do you think that it is adding to, alleviating some of the tension that clearly is going on between some democrats and republicans over the fiscal cliff or has no impact at all? >> frankly, obviously i don't know if it was susan rice's decision or the administration's decision, but i think she was going to have a pretty rough and tough nomination process, confirmation process, and that's a fight the president doesn't need right now, it would have been a distraction. >> duds he get credit for that? duds she get credit for that? okay there,'s a concession that's been made here. >> i'm sure that the president didn't want to make this move or have this made. but again, you can only fight so many battles. he's got a lot of other fightses that are coming. this is one he didn't need, he needs and i think the country would be best served by someone that's a unifying figure and can side step some of these situations. it's a smart and a
, shelly capito and greg meeks of new york. in the next hour, tom cole, tom price and chris van hollen. then at 8:00 a.m. eastern, senator ron johnson and bob corker. president obama issued a warning on "meet the press." >> on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up. >> but after it was all said and done, leaders on the senate floor couldn't get anything done, at least not yet. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know, i'm willing to get this done, but i need a dance partner. >> this morning, we've been trying to come up with some counteroffice to
must like tom cole lot because all he would say in response was interesting tactic. thanks for being with us. in the "moneyline" tonight, a stalemate in washington d.c. wall street's back today. the balance squeaking out of four. gain. s&p up less than a point, nasdaq slipping lower on the day. volume on the big board slightly heavier than usual. all the major indexes finished higher for the month. down 71 points. s&p and nasdaq both ended higher. the three biggest winners for the month, cisco systems up to nine 1/4%. home depot, bank of america, both of just above 6%. aaa now urging the environmental protection agency to halt the sales of gas with directional concentrations arguing the fuel blend known as e 15 with an additional 5% ethanol cause engine damage but that is not covered by most car warranties. the epa says cars made after the 2000's one mall can handle that fuel brand. triple late shows 95 percent of cars made before 2012 will not. up next, president obama meeting with everyone about the fiscal cliff, everyone except for the leaders in washington d.c. for the republican
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